The Zhitong Finance App learned that on December 31, the China Securities Association revised and issued the “Rules for the Administration of Offline Investors in Public Real Estate Investment Trust Funds”, which were officially implemented on the date of publication. The main revisions to the rules include adapting the name of the rules, and expanding the scope of application of the rules from real estate investment trusts in the infrastructure sector to commercial real estate investment trusts. Strengthen offline investor registration management. On the basis that registration conditions such as institutional investor establishment requirements, continuous operation time, and asset size remain the same, take into account the business characteristics of commercial real estate investment trust funds, add requirements for institutional investors to research pricing capabilities, compliance risk control levels, communication equipment control, and internal accountability and performance compensation constraints.

The Zhitong Finance App learned that on December 31, the China Securities Association revised and issued the “Rules for the Administration of Offline Investors in Public Real Estate Investment Trust Funds”, which were officially implemented on the date of publication. The main revisions to the rules include adapting the name of the rules, and expanding the scope of application of the rules from real estate investment trusts in the infrastructure sector to commercial real estate investment trusts. Strengthen offline investor registration management. On the basis that registration conditions such as institutional investor establishment requirements, continuous operation time, and asset size remain the same, take into account the business characteristics of commercial real estate investment trust funds, add requirements for institutional investors to research pricing capabilities, compliance risk control levels, communication equipment control, and internal accountability and performance compensation constraints.